Chicago tourism has yet to return to pre-pandemic levels, but industry leaders estimate it could fully recover by 2024 — and possibly even sooner.
In the week leading up to the July 4 holiday, hotel occupancy exceeded 2019 levels for the first time since the start of the pandemic, said Michael Jacobson, CEO of the Illinois Hotel and Lodging Association.A tour boat ride moves along the Chicago River on July 13, 2022.
In one sign of the distress of the industry, Wells Fargo Bank recently took control of the JW Marriot Chicago hotelThe foreclosure likely will not lead to noticeable changes for travelers at the hotel this summer, but it’s not likely to be the last hotel foreclosure, Jacobson said. Another factor likely at play is the city’s now-lifted COVID-19 mask and vaccine policies. Travelers, especially business travelers, might have chosen not to come to Chicago when booking earlier this year or in previous years, while the mandates were in effect, because they weren’t sure how open the city would be by their scheduled travel, Jacobson said.
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